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Reunion BBQ has $4,000,000 of notes payable due on March 11, 2017, which Reunion intends to refinance. On January 5, 2017, Reunion signed a line of credit agreement to borrow up to $3,500,000 cash on a two-year renewable basis. On the December 31, 2016, balance sheet, Reunion should classify:
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Reunion BBQ has $4,000,000 of notes payable due on March 11, 2017, which Reunion intends to refinanc...
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